Global Power Transformer (Above 110kV) Supply, Demand and Key Producers, 2026-2032
Description
The global Power Transformer (Above 110kV) market size is expected to reach $ 36420 million by 2032, rising at a market growth of 5.4% CAGR during the forecast period (2026-2032).
A power transformer above 110 kV is a high-voltage electrical transformer designed to step up or step down alternating current (AC) voltage levels in transmission and sub-transmission networks operating at nominal voltages higher than 110 kilovolts. These transformers are critical components of bulk power systems, enabling efficient long-distance electricity transmission by reducing losses and ensuring reliable interconnection between generation sources, transmission lines, and high-voltage substations. They are typically oil-immersed, large-capacity units engineered to withstand high electrical, thermal, and mechanical stresses, and are widely used in ultra-high-voltage (UHV) and extra-high-voltage (EHV) power grids for utilities, large industrial loads, and cross-regional interconnections.
The power transformer (above 110 kV) market is primarily driven by grid expansion and structural upgrades. Large-scale integration of renewable energy, growing cross-regional power transmission, and continued investment in EHV/UHV networks significantly increase demand for high-capacity, high-voltage transformers. In parallel, aging infrastructure replacement, urban load growth, and industrial power upgrades accelerate substation expansion and refurbishment by utilities. Rising requirements for grid reliability and safety, stricter efficiency and loss standards, and the adoption of digitalization, online monitoring, and smart asset management further support replacement cycles and value growth in high-voltage power transformers.
The Global key players of Power Transformer (Above 110kV) include Hitachi Energy, Siemens, SGB-SMIT, etc. The top three players hold a share about 20%. North America is the largest market, and has a share about 32%. In terms of product type, Power Grid is the largest segment, which occupied for a share of about 74%. For application, 110kV is the largest segment, which has a share about 45%.
This report studies the global Power Transformer (Above 110kV) production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Power Transformer (Above 110kV) and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Power Transformer (Above 110kV) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Power Transformer (Above 110kV) total production and demand, 2021-2032, (kVA)
Global Power Transformer (Above 110kV) total production value, 2021-2032, (USD Million)
Global Power Transformer (Above 110kV) production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (kVA), (based on production site)
Global Power Transformer (Above 110kV) consumption by region & country, CAGR, 2021-2032 & (kVA)
U.S. VS China: Power Transformer (Above 110kV) domestic production, consumption, key domestic manufacturers and share
Global Power Transformer (Above 110kV) production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (kVA)
Global Power Transformer (Above 110kV) production by Type, production, value, CAGR, 2021-2032, (USD Million) & (kVA)
Global Power Transformer (Above 110kV) production by Application, production, value, CAGR, 2021-2032, (USD Million) & (kVA)
This report profiles key players in the global Power Transformer (Above 110kV) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi Energy, TBEA Co., Ltd., Siemens, China Xd Electric, SGB-SMIT, Prolec Energy, Mitsubishi Corporation, Baoding Tianwei Baobian Electric, Jiangsu Huapeng Transformer, Toshiba, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Power Transformer (Above 110kV) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (kVA) and average price (USD/kVA) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Power Transformer (Above 110kV) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Power Transformer (Above 110kV) Market, Segmentation by Type:
110 kV
220 kV
330 kV
500 kV
Others
Global Power Transformer (Above 110kV) Market, Segmentation by Tap-Changing Method:
Off-Load Tap Changers
On-Load Tap Changers
Global Power Transformer (Above 110kV) Market, Segmentation by Installation and Layout:
Outdoor Open-Type
Outdoor Enclosed Type
Semi-Indoor / Underground Substation Type
Global Power Transformer (Above 110kV) Market, Segmentation by Application:
Power Generation
Power Grid
Electricity Customers
Companies Profiled:
Hitachi Energy
TBEA Co., Ltd.
Siemens
China Xd Electric
SGB-SMIT
Prolec Energy
Mitsubishi Corporation
Baoding Tianwei Baobian Electric
Jiangsu Huapeng Transformer
Toshiba
Shandong Electric Group
GE
Wujiang Transformer Co., Ltd.
Nanjing Liye Power Transformer
Shandong Taikai Transformer
CG Power and Industrial Solutions
Hyosung Corp
Shandong Dachi Electric
WEG
Hyundai Group
Zhejiang Chint Electrics
Schneider Electric
Yawei Electric Group
Kolektor ETRA
Tamini Trasformatori
KONCAR Inc.
GETRA SpA
Wilson Power Solutions
Efacec
Fuji Electric
Key Questions Answered:
1. How big is the global Power Transformer (Above 110kV) market?
2. What is the demand of the global Power Transformer (Above 110kV) market?
3. What is the year over year growth of the global Power Transformer (Above 110kV) market?
4. What is the production and production value of the global Power Transformer (Above 110kV) market?
5. Who are the key producers in the global Power Transformer (Above 110kV) market?
6. What are the growth factors driving the market demand?
A power transformer above 110 kV is a high-voltage electrical transformer designed to step up or step down alternating current (AC) voltage levels in transmission and sub-transmission networks operating at nominal voltages higher than 110 kilovolts. These transformers are critical components of bulk power systems, enabling efficient long-distance electricity transmission by reducing losses and ensuring reliable interconnection between generation sources, transmission lines, and high-voltage substations. They are typically oil-immersed, large-capacity units engineered to withstand high electrical, thermal, and mechanical stresses, and are widely used in ultra-high-voltage (UHV) and extra-high-voltage (EHV) power grids for utilities, large industrial loads, and cross-regional interconnections.
The power transformer (above 110 kV) market is primarily driven by grid expansion and structural upgrades. Large-scale integration of renewable energy, growing cross-regional power transmission, and continued investment in EHV/UHV networks significantly increase demand for high-capacity, high-voltage transformers. In parallel, aging infrastructure replacement, urban load growth, and industrial power upgrades accelerate substation expansion and refurbishment by utilities. Rising requirements for grid reliability and safety, stricter efficiency and loss standards, and the adoption of digitalization, online monitoring, and smart asset management further support replacement cycles and value growth in high-voltage power transformers.
The Global key players of Power Transformer (Above 110kV) include Hitachi Energy, Siemens, SGB-SMIT, etc. The top three players hold a share about 20%. North America is the largest market, and has a share about 32%. In terms of product type, Power Grid is the largest segment, which occupied for a share of about 74%. For application, 110kV is the largest segment, which has a share about 45%.
This report studies the global Power Transformer (Above 110kV) production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Power Transformer (Above 110kV) and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Power Transformer (Above 110kV) that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Power Transformer (Above 110kV) total production and demand, 2021-2032, (kVA)
Global Power Transformer (Above 110kV) total production value, 2021-2032, (USD Million)
Global Power Transformer (Above 110kV) production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (kVA), (based on production site)
Global Power Transformer (Above 110kV) consumption by region & country, CAGR, 2021-2032 & (kVA)
U.S. VS China: Power Transformer (Above 110kV) domestic production, consumption, key domestic manufacturers and share
Global Power Transformer (Above 110kV) production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (kVA)
Global Power Transformer (Above 110kV) production by Type, production, value, CAGR, 2021-2032, (USD Million) & (kVA)
Global Power Transformer (Above 110kV) production by Application, production, value, CAGR, 2021-2032, (USD Million) & (kVA)
This report profiles key players in the global Power Transformer (Above 110kV) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hitachi Energy, TBEA Co., Ltd., Siemens, China Xd Electric, SGB-SMIT, Prolec Energy, Mitsubishi Corporation, Baoding Tianwei Baobian Electric, Jiangsu Huapeng Transformer, Toshiba, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Power Transformer (Above 110kV) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (kVA) and average price (USD/kVA) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Power Transformer (Above 110kV) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Power Transformer (Above 110kV) Market, Segmentation by Type:
110 kV
220 kV
330 kV
500 kV
Others
Global Power Transformer (Above 110kV) Market, Segmentation by Tap-Changing Method:
Off-Load Tap Changers
On-Load Tap Changers
Global Power Transformer (Above 110kV) Market, Segmentation by Installation and Layout:
Outdoor Open-Type
Outdoor Enclosed Type
Semi-Indoor / Underground Substation Type
Global Power Transformer (Above 110kV) Market, Segmentation by Application:
Power Generation
Power Grid
Electricity Customers
Companies Profiled:
Hitachi Energy
TBEA Co., Ltd.
Siemens
China Xd Electric
SGB-SMIT
Prolec Energy
Mitsubishi Corporation
Baoding Tianwei Baobian Electric
Jiangsu Huapeng Transformer
Toshiba
Shandong Electric Group
GE
Wujiang Transformer Co., Ltd.
Nanjing Liye Power Transformer
Shandong Taikai Transformer
CG Power and Industrial Solutions
Hyosung Corp
Shandong Dachi Electric
WEG
Hyundai Group
Zhejiang Chint Electrics
Schneider Electric
Yawei Electric Group
Kolektor ETRA
Tamini Trasformatori
KONCAR Inc.
GETRA SpA
Wilson Power Solutions
Efacec
Fuji Electric
Key Questions Answered:
1. How big is the global Power Transformer (Above 110kV) market?
2. What is the demand of the global Power Transformer (Above 110kV) market?
3. What is the year over year growth of the global Power Transformer (Above 110kV) market?
4. What is the production and production value of the global Power Transformer (Above 110kV) market?
5. Who are the key producers in the global Power Transformer (Above 110kV) market?
6. What are the growth factors driving the market demand?
Table of Contents
177 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Tap-Changing Method
- 7 Market Analysis by Installation and Layout
- 8 Market Analysis by Application
- 9 Company Profiles
- 10 Industry Chain Analysis
- 11 Research Findings and Conclusion
- 12 Appendix
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